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SP500 Opening Range Pro

599 USD

Author debarred from selling products

Demo downloaded: 24

Published: 23 September 2025

Current version: 1.3

SP500 Opening Range Pro

Experts
Manuel De Huerta De La Cruz
Version: 1.3
Updated: 7 May 2026
Activations: 10

SP500 Opening Range Pro – MetaTrader 5 Expert Advisor

SP500 Opening Range Pro is an automated trading system for MetaTrader 5 designed to trade the S&P 500 index during the New York session using Opening Range logic.

The Expert Advisor combines breakout and pullback trading models with technical filters based on volatility and trend conditions. The system includes integrated risk management and configurable operational parameters.

Main Features

Opening Range strategy focused on the New York session
Breakout and Pullback trading modes
ATR and RSI-based market filters
Automatic Stop Loss and Take Profit calculation
Dynamic position sizing based on risk percentage
Session filter and spread protection
Daily trade limitation and cooldown protection
Configurable risk/reward ratios
Compatible with MetaTrader 5 Strategy Tester

Trading Logic

The Expert Advisor identifies the initial market range during the opening session and evaluates potential breakout opportunities.

The system can also detect pullback setups aligned with the prevailing trend using EMA filters and momentum confirmation through RSI.

The strategy uses ATR-based calculations to adapt Stop Loss distances to current market volatility.

Technical Filters

The EA includes multiple built-in protections and filters:

EMA trend confirmation
RSI momentum validation
ATR volatility filter
Maximum spread filter
Trading session restriction
Maximum open positions control
Daily trade limits

These filters are designed to reduce low-quality trading conditions and improve operational consistency.

Configurable Parameters

Session Settings

Session start hour
Session end hour
Opening Range duration

Breakout Settings

Breakout buffer
ATR Stop Loss multiplier
Risk/Reward ratio
Opening Range Stop Loss option

Pullback Settings

EMA periods
ATR multiplier
RSI filters
Pullback confirmation settings

Risk Management

Risk percentage per trade
Maximum spread allowed
Maximum trades per day
Slippage control
Maximum simultaneous positions

Recommended Usage

Platform: MetaTrader 5
Recommended symbol: US500 / S&P 500
Recommended timeframe: M5
Recommended broker type: Low spread and fast execution

Users should verify broker server time settings before using the Expert Advisor.

Important Information

Trading financial markets involves risk and may not be suitable for all investors.

The performance of automated systems can vary depending on broker conditions, spreads, execution speed, volatility and market environment.

It is recommended to test the Expert Advisor on a demo account before using it on a live account.

Version Information

Current version includes:

Opening Range breakout logic
Pullback trading model
ATR and RSI filters
Dynamic risk management
Spread and session protection
Market compatibility improvements
MQL5 Market validation compliance

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